Revised Article 9 brings depository accounts within its scope, with perfection to be effected by control. An American Bar Association committee has developed model deposit account control agreements. The forms are discussed and reproduced in Asset Based...

The revision of the Uniform Customs and Practice for Documentary Credits (UCP 600) became effective July 1, 2007. The UCP 600 is applicable to all letters of credit explicitly incorporating it, and most likely is applicable to all other credits by reason...

Among other recent developments in contract law are those concerning the Uniform Commercial Code, particularly its constructed third party beneficiary provision and the judicial confusion surrounding the construction of that provision. The reconciliation...

During the past decade, financial institutions have made credit more widely available to groups that were previously underserved, including consumers with limited or problem credit histories. As market pressure to lend to such “subprime borrowers”...